Jaguar Health, Inc. Stock Forecast
Stronger technical forecast for Jaguar Health, Inc. stock price after Tuesday trading.
(Updated on Jul 02, 2024)
The Jaguar Health, Inc. stock price fell by -2.01% on the last day (Tuesday, 2nd Jul 2024) from $3.48 to $3.41. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 5.88% from a day low at $3.40 to a day high of $3.60. The price has fallen in 6 of the last 10 days and is down by -9.79% for this period. Volume has increased on the last day by 55 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 424 thousand shares were bought and sold for approximately $1.45 million.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $2.44 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 259.16% during the next 3 months and, with a 90% probability hold a price between $8.76 and $26.42 at the end of this 3-month period.
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JAGX Signals & Forecast
A sell signal was issued from a pivot top point on Thursday, May 23, 2024, and so far it has fallen -33.53%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Jaguar Health, Inc. gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". Some positive signals were issued as well, and these may have some influence on the near short-term development. The Jaguar Health, Inc. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $3.65. On a fall, the stock will find some support from the long-term average at approximately $3.09. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal.
Support, Risk & Stop-loss for Jaguar Health, Inc. stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.200 between high and low, or 5.88%. For the last week, the stock has had daily average volatility of 6.20%.
Our recommended stop-loss: $3.23 (-5.14%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 27 days ago.)
Trading Expectations (JAGX) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Jaguar Health, Inc. to open at $3.47, and during the day (based on 14 day Average True Range), to move between $3.03 and $3.79, which gives a possible trading interval of +/-$0.377 (+/-11.07%) up or down from last closing price. If Jaguar Health, Inc. takes out the full calculated possible swing range there will be an estimated 22.14% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $3.69, some $0.280 (8.21%) from the current price of $3.41, our system finds the risk reward not very attractive.
Is Jaguar Health, Inc. stock A Buy?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.701 Buy Candidate Upgraded
Predicted Opening Price for Jaguar Health, Inc. of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $3.47 ( 1.76%) | $3.41 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for JAGX
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 3.67 | 7.62% |
| R2 | 3.59 | 5.38% |
| R1 | 3.55 | 4.00% |
| Price | 3.41 | |
| S1 | 3.39 | -0.481% |
| S2 | 3.35 | -1.87% |
| S3 | 3.27 | -4.11% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4.03 | 18.18% |
| R2 | 3.81 | 11.73% |
| R1 | 3.69 | 8.21% |
| Price | 3.41 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
FAQ
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